Archive · 13 Sep 2025
DuPont Bondholders Block Debt Exchange Plan
DuPont, a chemical company, is trying to buy back some of its debt after planning to spin off a part of its business.
This would help DuPont reduce its debt.
Some bondholders, who own the company's debt, are not happy with the plan.
They formed a group to try to get better terms from DuPont.
They are worried about the amount of debt being bought back and think they should be paid more.
Bondholders who agree to the exchange early can get a slightly better payout.
Investment firms held discussions on how to oppose the exchange.
DuPont bondholders are blocking part of a proposed debt exchange.
Holders of the 2038 and 2048 notes signed a pact declining to participate in the exchange.
The bondholder group plans to negotiate better terms with DuPont.
DuPont plans to buy back as much as $2.16 billion of bonds.
Money managers object to the debt swap for several reasons.
- Who
- DuPont bondholders and DuPont
- What
- Bondholders are blocking parts of a proposed debt exchange plan.
- When
- The early deadline to agree to the exchange is September 15.
- Where
- N/A
- Why
- Bondholders want better terms and question the debt buyback.
- Company
- DuPont de Nemours Inc.
- Bond Values
- 2028 notes traded at ~101.6 cents, 2038 at >105 cents, and 2048 at 102.3 cents
- Proposed Exchange Amount
- Up to $2.16 billion
- Early Deadline
- Sept. 15
- Early Agreement Payment
- ~100.25 cents on the dollar
- Spinoff Company
- Qnity Electronics Inc.